VALUE ADDED TAX (VAT)

	Dear Valued Customers,
	
	
Effective  from  1st January 2018,  VAT  will be  applicable  to  most  goods and
	services s upplied in UAE by any person  or  business at the  rate of  5%  except
	where the supply  is specifically  zero  rated  or  exempt under the VAT Law.  In
	accordance with the law, Habib Bank AG Zurich (HBZ) will impose VAT at prevailing
	rates  on all  taxable  services.  For  more  information on the VAT law, you may
	please visit www.tax.gov.ae. *
	
	VAT Registration
	
	Further all companies/individuals must register for VAT by the dates specified by
	the Federal Tax Authority as stipulated under the VAT Law.
	
	
In line with the  VAT implementation in UAE starting from 1st January 2018,   HBZ
	has  the  facility  to  update  your Tax Registration Number (TRN) in the system,
	which is needed for the VAT payment or refund.
	
	
Incase you want HBZ to update the TRN in your account,  kindly fill out this form
	and submit it along with the TRN certificate through the below channels:
	 
	- By logging in to your account at the HBZ web portal www.habibbank.com.
	- By emailing the required information to VAT.ae@habibbank.com.
	- By submitting the required documents to any of our branches.	
	
	*  Failure  to  receive  a  response by  20th December 2017  will  constitute  an
	   acknowledgement of the above communication.